No Oppo Supporters Re-signing Tex, Danger and Sloane *** Crows Only ***

[Deaneus!]

 

[MattyB_76]

there wont be any capital gains because no new investors will enter the market. rents wont go up, rental tenants will hit a threshold that when rents equal the cost of loan repayments, due to some jumping out early, then the whole industry that is investment properties dies. it will happen quickly, akin to ripping off a band aid.

There are always new investors, population is always growing and getting older. House prices are always going up (at the minimum they plateau for a period).

Whether there is NG or not, investing in residential property, or commercial property, or shares, or starting a new business ... investors will put their money where it can make them more money. Removal of NG isn't gonna change that.

Anyway, I feel bad that I've gone off-topic. Sorry TGFC

 

[Captain Morgan]

POTY.

I love it

 

[MattyB_76]

That's great for you (seriously) - you are earning more than $180,000 pa. It's just that for people on lower incomes, GST increases hurt them more in proportion than for those on higher incomes.

I think it would be good to have a tax system similar to some Scandinavian countries - and also with their education, health, and public support systems.

Also,

So do I, but you'd also need all the other things that go with it ... flat tax rates, minimal workplace restrictions (which is balanced by good welfare) to be successful. Can't see that getting past the politicians.

 

[Wood_Duck]

Im not saying wither way. I was just stating if you want investments keep if you dont abolish it...

Me too

 

[cammo6556]

I think the thread has reached a point where this is now an appropriate thing to post...

It also, somehow, describes my mood.

 

[knobby]

anyone seen the Dangerfield thread on the GC page ?

 

[TGFC]

Yes. If you want a complete collapse of the real estate, building and banking industry, go for it.

same reasons for not allowing renewable energy to have a fair playing field 'jobs gone, towns destroyed etc. etc.' it won't happen. try not to regurgitate stuff from people with a direct interest to the issue at hand. houses will still be bought and sold, therefor real estate will be fine. houses and units will still need to be built, due to population constantly increasing, therefor builders will be fine. all loans will be payed back to the banks and new loans will be sought from OO, however if a bank has leveraged itself so much with investment properties that are not payed back then we should ask why the bank has allowed such high LVR loans that cannot be repayed.

 

[TGFC]

There are always new investors, population is always growing and getting older. House prices are always going up (at the minimum they plateau for a period).

Whether there is NG or not, investing in residential property, or commercial property, or shares, or starting a new business ... investors will put their money where it can make them more money. Removal of NG isn't gonna change that.

Anyway, I feel bad that I've gone off-topic. Sorry TGFC

lets leave it at that, wrong place.

 

[dogs105]

I like your views!

I am heading over to Edinburgh in November for 2 months, any tips of where to go?

We don't live there anymore (note to self - update profile), but it was a great city to live in, and also great for tourists.

In November/December there will be the German Christmas Markets underneath The Mound (next to Princes Street - main street). German food (noodles, sausages, wursts, cakes and biscuits etc. gluhwein). Stalls with wooden toys and knick knacks. There also have an ice rink installed there.

The Castle is pretty cool, but I wouldn't necessarily bother with the tour.

Climbing Arthur's Seat is a must! Amazing view.

And most of the touristy things in guidebooks (Whisky tours, Plague tours, Holyrood, Scott Monument etc.) are fun.

Good day trips would be St Andrews (beautiful coast, and golf if you like that)
Loch Lomond (just north of Glasgow)

Definitely visit the Highlands while you are there, and any of the islands if you have time. Mull could be a day-trip, or Skye is great for a weekend (with a great distillery if you are interested in whisky).

Send me a message if there is anything else I could help with.


(ALSO - have a drink at The Canny Man's pub in Morningside - very exxy, but very cool and free finger food!)

 

[cammo6556]

anyone seen the Dangerfield thread on the GC page ?

Have now... Cant say Im exactly super concerned but it's interesting (humourous)

 

[TGFC]

anyone seen the Dangerfield thread on the GC page ?

would rather him go there than geelong

 

[GROTTO]

who is this woman....

Cheryl Cole

 

[cammo6556]

would rather him go there than geelong

theyve got more to trade when we match...

 

[gothecrows]

The system measures impact of each action on the field a player is involved with.

Kicking sideways in the back 50 gets you negligible gains.

Winning a contest in f50 and setting up a team for goal, or goaling yourself, gets you tons of points.

I know this is how it works, but the problem is that it doesn't take into account how much you are involved in the play (directly).
That is, it's going to rate someone who is involved in one single positive piece of play (something as simple as kicking the ball forwards) higher than someone who is involved in 20 pieces of play, half good, half bad.

Now, obviously that's an exaggerated scenario, and you might well say that someone who is bad half of the time should be rated badly, but the point is that players who are not actually involved in the play all that much, but do "good things" when they are, can get inflated ratings.

Cyril's role pretty much consists of tackle and kick goals - it's quite difficult for him to get a "bad" rating from individual plays, because the majority of his involvement in the game is from a "pressure" point of view, which is almost always going to be varying degrees of positive play.

I'm not saying Cyril's a bad player - he's very good at what he does - but I would take Wingard and Betts before him every single time (and it's not close).

 

[knobby]

Have now... Cant say Im exactly super concerned but it's interesting (humourous)

isnt it just

 

[WhiskeyTangoFoxtrot]

We've gone from GIFs to discussing negative gearing, CGT and the GST in the space of a couple of pages. I have an economics and finance background and I'm not sure what's worse!

 

[RodnyDangrfield]

I hope he does go to Gold Coast. Better than those campaigners down in geelong, plus they might be more generous to trade. C'mon Paddy, if you're gonna leave, that pasty white skin will need some sun!('s).

 

[TrainRoo32]

Out of interest, do you believe that "the deductibility of costs associating with investing in an income-producing asset" should be abolished on all investments, or just housing?

Personally I'm of the view that our negative gearing and CGT concessions are too generous..... I don't believe it's the only reason for rising housing prices.
I'm of the view that you should only be able to deduct part of the costs, much like the UK.

 

[TGFC]

I hope he does go to Gold Coast. Better than those campaigners down in geelong, plus they might be more generous to trade. C'mon Paddy, if you're gonna leave, that pasty white skin will need some sun!('s).

the bloke who posted the rumor is either pulling shit out of his ass after looking at the missuses social media stuff or ....

 

[Wood_Duck]

same reasons for not allowing renewable energy to have a fair playing field 'jobs gone, towns destroyed etc. etc.' it won't happen. try not to regurgitate stuff from people with a direct interest to the issue at hand. houses will still be bought and sold, therefor real estate will be fine. houses and units will still need to be built, due to population constantly increasing, therefor builders will be fine. all loans will be payed back to the banks and new loans will be sought from OO, however if a bank has leveraged itself so much with investment properties that are not payed back then we should ask why the bank has allowed such high LVR loans that cannot be repayed.

Look Im sure you have a phd in something which gives you ridiculous amounts of assurance that you are right and everyone else is wrong. Unfortunately as is so often the case with experts, they overlook the obvious things. Ask yourself what happens when the housing market falls to the true value levels that you and others talk about. I take it you dont currently owe 400k on your 500k house?

 

[DJ75]

I hope he does go to Gold Coast. Better than those campaigners down in geelong, plus they might be more generous to trade. C'mon Paddy, if you're gonna leave, that pasty white skin will need some sun!('s).

If we match it also will give us a much better trade scenario.

Maybe we get Bennell and a high level pick out of it.

Who the hell knows what is going on?

 

[Jarman3]

ok so we have now opened up a can of worms when it comes to investment properties. now i don't like them nor the tax incentives they bring, they are no more than providing a tool that is pushed by the government through regulations to push the poorer further down and help the middle to top class increase the gap. terrible social setup.

Well with that kind of attitude, you'll never get the weemen.

 

[TGFC]

Look Im sure you have a phd in something which gives you ridiculous amounts of assurance that you are right and everyone else is wrong. Unfortunately as is so often the case with experts, they overlook the obvious things. Ask yourself what happens when the housing market falls to the true value levels that you and others talk about. I take it you dont currently owe 400k on your 500k house?

OK last comment on this i promise . you make a really good point, there are many out there that have over committed and have properties with a value that roughly matches the total loan amount. i believe two options are available for these scenario. A) the government can pay the differences on loan value to sale price if people take this option within a certain time frame i.e. if an investor sells their house to a independent buyer within 2,3,6 or what ever months then the difference will be refunded to close down a loan by the government in a one off payment, similar to the gun buy back scheme. alternatively B) the people who have these ridiculous loans should suffer the consequence of entering a market without identifying and offsetting the risk of what would happen if house prices fall.

i cant see B happening due to public outcry, therefor A will allow for a quick end to this issue. there may be other options na downsides to this one but i haven't delved to deep in the subject

 

[dogs105]

Well with that kind of attitude, you'll never get the weemen.

What will you do with these wee men?